Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3656.8 Million | USD 6714.23 Million | 7.88% | 2022 |
The global anti-static bags for electronics market size was worth around USD 3656.8 million in 2022 and is predicted to grow to around USD 6714.23 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.88% between 2023 and 2030.
Electronic components, which are vulnerable to harm from electrostatic discharge (ESD), are stored in antistatic bags. Typically made of plastic polyethylene terephthalate (PET), these bags are easily recognizable by their unique color—black or pink for polyethylene, and silvery for the metalized film. The polyethylene kind can also be found in sheets or bags or as foam or bubble wrap. It is common practice to employ many layers of protection to guard against electrostatic and mechanical damage. It is possible to package a protected item first in a pink polyethylene bubble-wrap bag, then in a metalized PET film bag, and then in a rigid black polyethylene box coated with pink poly foam. The bags must only be opened at workstations free of static electricity.
Growth in the electronic industry drives the market growth
The need for anti-static bags is fueled by the electronics industry's fast development, which includes the fabrication of semiconductors, integrated circuits, consumer electronics, and other sensitive electronic components. ESD shielding becomes more and more important as technology develops and electrical gadgets proliferate. For instance, as per Oberlo, the worldwide consumer electronics industry is projected to generate $603 billion in sales by 2023, indicating a growth rate of 11.9% each year. The enormous revenue predicted for 2023 comes after a 9.7% decline in 2022, which experts blame on world events including the conflict in Ukraine, growing inflation, and Chinese lockdowns. Thus, the growth in the electronics industry is expected to propel the global anti-static bags for electronics market growth during the forecast period.
Growing environmental concerns impeding the market growth
The market for environmentally friendly packaging options is expanding, however conventional anti-static bags sometimes contain ingredients that aren't readily recyclable or biodegradable. This may lead to worries about the environment and force producers to look for more environmentally friendly options. Thus, the growing environmental concerns are expected to hamper the anti-static bags for electronics industry growth over the forecast period.
The rise of the e-commerce industry is expected to offer a lucrative opportunity for the market growth
Retailers and consumers both now require more protective packaging because of the growing e-commerce industry. In e-commerce, anti-static bags are crucial for the secure delivery of electronic goods to final consumers. There is a lot of opportunity for expansion in the anti-static bags for electronics market. According to the Census Bureau of the Department of Commerce, the estimate of U.S. retail e-commerce sales for the second quarter of 2023 was $277.6 billion, up 2.1 percent (±0.9%) from the first quarter of 2023.
The estimate did not account for pricing changes and was adjusted for seasonal fluctuation. With almost little change (±0.2%) * from the first quarter of 2023, the total retail sales for the second quarter of 2023 were projected to be $1,798.2 billion. During the same period in 2022, overall retail sales climbed by 0.6 percent (±0.4%), while the projection for e-commerce in the second quarter of 2023 increased by 7.5 percent (±1.4%). 15.4% of all sales in the second quarter of 2023 came from e-commerce. Thus, this is expected to offer a lucrative opportunity for market growth over the forecast period.
Counterfeit and substandard products pose a challenge to market growth
The dependability of electronic components and the efficacy of ESD protection might be compromised by the availability of fake or inferior anti-static bags in the market. Verifying anti-static bag validity might be difficult. Thus, this is expected to pose a major challenge for the market growth during the forecast period.
The global Anti-static Bags for Electronics industry is segmented based on type, application, and region.
Based on the type, the global anti-static bags for electronics market is bifurcated into zip-lock bag, adhesive strip bag, heat-sealing bag, and others. The adhesive strip bag is expected to hold a significant market share over the forecast period. The purpose of anti-static bags with adhesive strips, also known as "self-sealing anti-static bags" or "resealable anti-static bags," is to shield delicate electronic components from electrostatic discharge (ESD). The adhesive strip or flap on these bags makes it simple to seal and reseal them, which makes them useful for a variety of electronics sector applications. These bags are commonly used for protecting electronic components, circuit boards, integrated circuits, and sensitive equipment during manufacturing processes. In addition, they are widely employed in the distribution and storage of electronic components, ensuring they remain protected during transit and while in inventory. Thereby, driving the segment growth over the forecast period.
Based on the application, the global Anti-static Bags for Electronics industry is bifurcated into consumer electronics and industrial electronics. The consumer electronics segment is expected to dominate the market during the forecast period. The market for anti-static bags is mostly driven by consumer electronics. These bags are essential for safeguarding delicate electrical gadgets and components, which are widely found in a wide range of consumer electronics products. One of the most popular consumer devices, smartphones, are made using a lot of delicate parts, such as microchips, screens, and batteries. For the protection of these parts during assembly and shipping, anti-static bags are necessary. Thus, this is responsible for segment dominance.
Report Attributes | Report Details |
---|---|
Report Name | Anti-static Bags for Electronics Market |
Market Size in 2022 | USD 3656.8 Million |
Market Forecast in 2030 | USD 6714.23 Million |
Growth Rate | CAGR of 7.88% |
Number of Pages | 209 |
Key Companies Covered | Desco, Antistat, Tekins, EDCO Supply, IPC, GWP Group, Elcom, Universal Plastic Bags, Jarrett Industries, Dana Poly, International Plastics, Acme Packaging, Nashik, Der Yiing Plastic, Bhargava Poly Packs, Taipei Pack, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to hold the largest market share over the forecast period
Asia Pacific is expected to hold the largest anti-static bags for electronics market share over the forecast period. Some of the biggest producers and suppliers of electronics in the world, especially in China, South Korea, Taiwan, and Japan, are based in the region. These producers mostly depend on anti-static bags to shield delicate electronic parts throughout manufacturing, storage, and delivery. Moreover, the consumer electronics market in Asia-Pacific is growing at a very quick pace.
The demand for smartphones, computers, tablets, and other personal electronic devices has increased due to rising earnings, urbanization, and growing tech-savviness; these gadgets, along with their sensitive components, all require anti-static bags. According to the GSMA, mobile connection, which has over 1.73 billion unique users, is still at the center of digital innovation in the Asia Pacific. It allows for the use of a wide range of revolutionary technologies by both individuals and businesses, as well as by governments looking to improve society. In 2022, the GDP of Asia Pacific derived from mobile technology and services accounted for not much less than 5%, resulting in an economic value added of $810 billion. Thus, this is expected to drive the market in the region.
The global Anti-static Bags for Electronics market is dominated by players like
By Type
By Application
FrequentlyAsked Questions
Electronic components, which are vulnerable to harm from electrostatic discharge (ESD), are stored in antistatic bags. Typically made of plastic polyethylene terephthalate (PET), these bags are easily recognizable by their unique color—black or pink for polyethylene, and silvery for the metalized film. The polyethylene kind can also be found in sheets or bags or as foam or bubble wrap. It is common practice to employ many layers of protection to guard against electrostatic and mechanical damage.
The market growth of anti-static bags for electronics is driven by the growing consumer electronics industry. Moreover, the penetration of the e-commerce sector is also one of the prominent factors that propel the market growth over the forecast period.
According to the report, the global anti-static bags for electronics market size was worth around USD 3656.8 million in 2022 and is predicted to grow to around USD 6714.23 million by 2030.
The global Anti-static Bags for Electronics market is expected to grow at a CAGR of 7.88% during the forecast period.
The global Anti-static Bags for Electronics market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing consumer electronics industry.
The global Anti-static Bags for Electronics market is dominated by players like Desco, Antistat, Tekins, EDCO Supply, IPC, GWP Group, Elcom, Universal Plastic Bags, Jarrett Industries, Dana Poly, International Plastics, Acme Packaging, Nashik, Der Yiing Plastic, Bhargava Poly Packs, and Taipei Pack among others.
The Anti-static Bags for Electronics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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